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The board approved the 2026 cost-of-living adjustments for pensioners as required by statute. It also unanimously accepted Matthew Garcia into the Lincolnwood Police Pension Fund as a Tier II participant effective December 30, 2025.
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The approved cost-of-living adjustments will update pension payments for eligible retirees in 2026. The board will review whether to move from its current single amortization funding approach to a layered approach in one year, after comparing projections. Trustee elections for two expiring positions are planned for May 2026.
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